Monolithic Power Systems, Inc. (NASDAQ:MPWR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lowered its holdings in shares of Monolithic Power Systems, Inc. (NASDAQ:MPWR - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,427 shares of the semiconductor company's stock after selling 21,809 shares during the period. Voloridge Investment Management LLC's holdings in Monolithic Power Systems were worth $13,270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Monolithic Power Systems by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,824,274 shares of the semiconductor company's stock worth $3,446,223,000 after purchasing an additional 74,046 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Monolithic Power Systems by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,528,301 shares of the semiconductor company's stock worth $904,297,000 after acquiring an additional 214,395 shares during the last quarter. Geode Capital Management LLC raised its stake in Monolithic Power Systems by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,365,459 shares of the semiconductor company's stock valued at $807,158,000 after purchasing an additional 31,295 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Monolithic Power Systems by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,162,482 shares of the semiconductor company's stock worth $687,841,000 after purchasing an additional 81,412 shares during the period. Finally, Brown Advisory Inc. grew its holdings in shares of Monolithic Power Systems by 0.5% during the 4th quarter. Brown Advisory Inc. now owns 986,005 shares of the semiconductor company's stock worth $583,420,000 after purchasing an additional 5,274 shares during the period. Hedge funds and other institutional investors own 93.46% of the company's stock.

Insiders Place Their Bets

In other news, EVP Maurice Sciammas sold 12,000 shares of Monolithic Power Systems stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $701.00, for a total value of $8,412,000.00. Following the completion of the transaction, the executive vice president now directly owns 4,015 shares of the company's stock, valued at approximately $2,814,515. The trade was a 74.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kuo Wei Herbert Chang sold 100 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $698.00, for a total transaction of $69,800.00. Following the sale, the director now owns 676 shares in the company, valued at approximately $471,848. This trade represents a 12.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,200 shares of company stock valued at $8,546,800 in the last quarter. Insiders own 3.40% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on MPWR shares. Needham & Company LLC restated a "buy" rating and issued a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, May 2nd. TD Cowen lifted their price objective on shares of Monolithic Power Systems from $600.00 to $675.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wells Fargo & Company reduced their target price on shares of Monolithic Power Systems from $710.00 to $665.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Oppenheimer reaffirmed an "outperform" rating and set a $800.00 price target on shares of Monolithic Power Systems in a report on Friday, March 21st. Finally, Loop Capital lifted their price target on shares of Monolithic Power Systems from $660.00 to $760.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $779.83.

Monolithic Power Systems Trading Down 1.2%

MPWR stock traded down $8.04 during mid-day trading on Wednesday, hitting $677.48. 515,168 shares of the company were exchanged, compared to its average volume of 793,227. The firm has a fifty day simple moving average of $596.38 and a 200 day simple moving average of $611.07. The company has a market capitalization of $32.44 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.18. Monolithic Power Systems, Inc. has a twelve month low of $438.86 and a twelve month high of $959.64.

Monolithic Power Systems (NASDAQ:MPWR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported $4.04 EPS for the quarter, topping the consensus estimate of $4.00 by $0.04. The business had revenue of $637.55 million for the quarter, compared to analysts' expectations of $633.43 million. Monolithic Power Systems had a net margin of 80.95% and a return on equity of 20.36%. The company's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.81 earnings per share. As a group, sell-side analysts anticipate that Monolithic Power Systems, Inc. will post 13.2 earnings per share for the current year.

Monolithic Power Systems Company Profile

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.